Coalition, the leading cyber insurance and security company, today announced its relationship with Intuit (Nasdaq: INTU), enabling QuickBooks customers to access comprehensive cyber insurance coverage to protect their business. This announcement includes the ability for millions of QuickBooks customers to directly access a streamlined quoting and purchase process for Cyber Insurance through Coalition.
The increased automation of cyber crime, such as phishing campaigns and ransomware attacks, has disproportionately impacted small and midsize organizations that may previously have avoided detection. Cyber insurance claims are among the most frequent insurance claims made by small and medium-sized businesses, and yet a substantial majority remain uninsured. Coalition’s relationship with Intuit enables its small business customers to conveniently and affordably access coverage directly through the QuickBooks ecosystem.
“Small businesses are increasingly targeted by cyber crime, and the losses they face can be catastrophic,” said Shawn Ram, Head of Insurance for Coalition. “Teaming up with Intuit enables us to bring our leading insurance and security solutions to microbusinesses and make them resilient to cyber threats.”
“Together with Coalition, we’ve created a simple and quick way for QuickBooks customers to purchase and manage their cyber insurance,” said Mauricio Comi, Head of Insurance for Intuit Quickbooks. “Cyber threats have quickly become one of the leading risks for our customers, therefore we are developing comprehensive coverage and innovative tools to help QuickBooks small business owners manage their risk.”
Coalition’s unique product and partner offering combines best-in-class cyber insurance and proactive cybersecurity tools to help organizations manage cyber threats and protect the value of their entire business. Its cybersecurity tools and partner ecosystem help prevent incidents from happening in the first place, while its comprehensive cyber insurance covers the full breadth of cyber peril, including cyber crime, forensics, bodily injury and property damage, and more, to offer support before, during, and after a crisis.